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Tesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis
in5points
Tesla's Q2 profit fell 12% to $1.48 billion from $2.7 billion a year ago.
R&D spending increased 49% to $2.6 billion, driven by AI and robotaxi projects.
Revenue and vehicle sales beat Wall Street expectations.
Adjusted earnings per share missed analyst estimates at 52 cents.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani